Income Protection
What Does It Cover?
An Income Protection plan is designed to provide a regular income if you are unable to work due to illness or injury. Payments continue for as long as you are unable to return to work, up to the policy’s end date—typically aligned with your expected retirement age.
This type of cover is often regarded as a fundamental component of financial planning. Without a stable income, it may become difficult to maintain other financial commitments, potentially leading to the suspension or cancellation of additional plans.
Who Might Benefit?
This type of plan is suitable for anyone in employment, whether employed or self-employed. It is important to note that even where an employer provides sick pay, it rarely extends beyond twelve months, making longer-term protection a valuable consideration. Income Protection plans can be tailored to complement any existing cover already in place, ensuring a more comprehensive level of financial security.
Your home may be repossessed if you do not keep up with payments.
We recommend choosing a plan that suits your financial comfort and long-term stability.